Verition Fund Management LLC Acquires New Holdings in Dine Brands Global, Inc. (NYSE:DIN)

Verition Fund Management LLC purchased a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 24,500 shares of the restaurant operator's stock, valued at approximately $765,000. Verition Fund Management LLC owned 0.16% of Dine Brands Global at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new stake in Dine Brands Global in the third quarter worth approximately $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Dine Brands Global by 10.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,581 shares of the restaurant operator's stock worth $1,361,000 after buying an additional 3,987 shares in the last quarter. FMR LLC lifted its holdings in shares of Dine Brands Global by 26.9% in the third quarter. FMR LLC now owns 11,691 shares of the restaurant operator's stock valued at $365,000 after buying an additional 2,479 shares during the period. Quantbot Technologies LP boosted its stake in Dine Brands Global by 308.7% during the third quarter. Quantbot Technologies LP now owns 30,116 shares of the restaurant operator's stock valued at $941,000 after buying an additional 22,748 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Dine Brands Global during the third quarter worth about $403,000. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Trading Up 3.3 %

NYSE:DIN traded up $1.04 during trading hours on Tuesday, hitting $32.48. 520,315 shares of the stock traded hands, compared to its average volume of 437,996. The firm has a 50 day moving average price of $32.62 and a 200 day moving average price of $33.36. The firm has a market cap of $495.32 million, a price-to-earnings ratio of 5.40 and a beta of 1.73. Dine Brands Global, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $52.05.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global's quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 earnings per share. Research analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend is Friday, December 20th. Dine Brands Global's dividend payout ratio (DPR) is 33.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial reissued a "hold" rating and issued a $37.00 price target (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. KeyCorp reduced their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Friday, October 18th. Wedbush reaffirmed an "outperform" rating and issued a $47.00 price target on shares of Dine Brands Global in a report on Friday, November 15th. Benchmark reissued a "hold" rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King lowered Dine Brands Global from a "buy" rating to a "neutral" rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Dine Brands Global currently has a consensus rating of "Hold" and an average price target of $44.71.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.